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Bitcoin News Roundup for July 6, 2020
With bitcoin volatility sinking, lightning payments to your bank account and real world accountability on the blockchain, CoinDesk's Markets Daily is back for your BTC news roundup!
Updated Sep 14, 2021, 8:59 a.m. Published Jul 6, 2020, 4:00 p.m.
With bitcoin volatility sinking, lightning payments to your bank account and real world accountability on the blockchain, CoinDesk's Markets Daily is back for your BTC news roundup!
STORY CONTINUES BELOW
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This episode is sponsored by Bitstamp and Crypto.com.
Today's News:
Bitcoin Rises in Line With Stocks After Dip Below $9K
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Bitcoin Startup Zap Is Working With Visa
Lightning Network startup Zap, Inc. is partnering with Visa to offer the most user-friendly bitcoin services since Cash App.
Irish Charity Receives $1.1M Grant to Build Blockchain Platform for Aid Distribution
The grant will also allow Oxfam to scale the project across the Pacific region and explore its potential in sub-Saharan Africa and the Caribbean.
Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit Meds
Fantom is launching a pilot to help combat Afghanistan's counterfeit drugs problem using its blockchain to trace products along the supply chain.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Bitcoin slides with ether and XRP as market tests $3 trillion floor
BTC's weak tone contrasted with moderate gains in major Asian equity indices, which drew strength mostly from expectations of fiscal stimulus.
What to know:
- Crypto markets continued to decline, with overall capitalization falling below $3 trillion for the third time in a month.
- Large-cap assets, particularly those with ETF exposure, are experiencing selling pressure as institutional investors reassess risk.
- Bitcoin's decline contrasts with gains in major Asian equity indices, which are buoyed by expectations of fiscal stimulus from Beijing.
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